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Tamadoge saw a massive bullish move in the early hours of yesterday’s trading session. The price attained the $0.003 price level and then it had a steep fall. However, the bullish support was still able to retain higher price support. The new support forms the basis for the trend that has settled the market at the $0.027 price level. From here the market is ranging sideways continuously up till the moment of my writing
Tamadoge Market Price Statistic:
- TAMA/USD price now: $0.027
- TAMA/USD market cap: $32,758,653
- TAMA/USD circulating supply:1.05Billion
- TAMA/USD total supply: 1,049,733,333
- TAMA/USD coin market ranking: #2676
Key Levels
- Resistance: $0.0320, $0.0350, $0.0400
- Support: $0.0300, $0.0250, $0.0200
Tamadoge Market Price Analysis: The Indicators’ Point of View
The price consolidation trend started late yesterday. And as the price channel continue to grow thinner, the proximity between the upper and the lower band of the Bollinger indicator begins to increase. There was a strong bullish move in the 10th hour of today’s market, but that move was not strong enough to affect the upper band of the Bollinger indicator. However, the buying pressure was able to secure higher support for the market. And because of this, we can see a slight response of the upper band of the indicator. This higher support increases the probability for the bullish price to break out from the market gridlock.
Tamadoge: TAMA/USD 5-Minute Chart Outlook
Considering the pieces of information from this low timeframe, we can expect a bullish breakout. The buying pressure is gathering momentum. And the Bollinger indicator is responding with an upward-moving price channel. The RSI line continues at level 80 and this is in the buy zone of the indicator. The next target of the Tamadoge market is $0.0275.
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